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USOIL Trade Update

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📢 USOIL Trade Update

Hey Traders!

Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil.

🔹 Fundamentals:

Trump's new tariffs are driving market sentiment, pushing oil prices higher.
Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure.

🔹 Technicals:

The descending channel breakout confirms a bullish reversal.
This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks.

🎯 Plan of Action:
We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold.

📊 Stay ready, and trade smarter! 🚀
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